• Monday, May 20, 2024
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Mining: Alake restates commitment to implementation of 7-point agenda


The Minister of Solid Minerals Development, Dele Alake has expressed the commitment of the federal government to implement the administration’s 7-Point Agenda, to reposition the sector.

The Minister restated his commitment during a site tour of the Segilola Resources Operating Limited (SROL), an indigenous gold mining company in Ilesha, Osun State, the Minister lauded the extensive work that had gone into the facility, expressing delight that over 95% of its staff are Nigerians, a statement by the Special Assistant on Media, to the Minister, Segun Tomori informed.

Read also: Alake to mining investors: No value addition plan, no license

According to Alake who stressed that his focus has been to redirect local and international attention to the mining sector, “I have made sanitising the security of mining environment one of the critical points of my 7-point agenda. Recently, as part of actualising that policy, I had to unveil the creation of a mine marshal. They have a base in all the states of the country”.

“The implementation of the 7-point agenda is to reposition the mining sector,” he added

Alake also restated his commitment to support mining companies that place a premium on local content in their operations

Emphasising the imperative of a harmonious relationship with host communities, Alake lauded SROL for overshooting its community development targets, urging mining companies across the country to follow suit to ensure a safer, unfettered operating environment which will culminate in maximum beneficiation for both operators, the host communities and government.

He advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector, further urging other operators to take a cue from them.

Commending the high Nigerian component of the project, Alake remarked that the firm had applied local content in its procurement and employment policies. He praised the company’s tenacity of purpose and efficient methods deployed to push through with its vision, despite daunting challenges at inception.

In his remarks, the Managing Director and Chief Executive Officer of Segilola Resources, Segun Lawson stated that the company is a world-class project powered by Nigerians, appealing for support from the Federal Government to enable it to scale up and contribute better to the economy of the country.

Presenting the achievements of the company to the Minister, officials said the company operates an open pit system involving drilling and blasting, hauling and loading the rocks before processing into gold.

Last year, it produced 84,609 ounces (2,398.6 kilogrammes) of gold amounting to 194.4 million dollars at current prices.

They said the company spent N29 billion on local procurement and has a 1,993 workforce with 98 per cent local employees.

According to them, Segilola has paid $ 4.3 million in compensation to date and spent N1 billion on 25 community projects, which benefited 11,112 indigenes, 135 fish and vegetable farmers, and 4,479 community members.

They told the minister that the firm had recycled 1.27 metric tonnes of waste and its safety measures had achieved zero environmental incidents.

The Minister, in his response, pledged the support of the Federal Government for SROL, particularly because it promotes local content and positively impacts the host community with developmental projects.